Iranian Vice President Eshaq Jahangiri announced on Monday the country’s cryptocurrency miners will soon have to register their rigs with the government.
- Under the directive, miners will have to disclose their identities, the size of their mining farms and their mining equipment type with the Ministry of Industry, Mines and Trade.
- Miners will have a month to register their equipment, according to the Ministry, which will then publish a list of licensed mining centers.
- Jahangiri’s announcement is the latest in Iran’s cat-and-mouse game with the country’s illegal crypto miners, who smuggle in rigs and are sometimes caught.
- The directive did not specify the punishment for failing to register. However, illegal bitcoin miners have faced jail time and steep fines in the past.
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